식품용 알코올 시장 예측(-2030년) : 유형별, 유래별, 원료별, 기능별, 유통 채널별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Food Grade Alcohol Market is accounted for $7.3 billion in 2023 and is expected to reach $11.4 billion by 2030 growing at a CAGR of 6.6% during the forecast period. A Food Grade Alcohol is an automated solution designed to refuel vehicles without human intervention. Using robotic arms and specialized equipment, a Food Grade Alcohol enables efficient and precise fueling operations, reducing the risk of spills and improving safety. It enhances productivity in unmanned vehicle operations by eliminating the need for manual refueling processes and ensuring uninterrupted missions.

According to the U.S. Census Bureau data, the number of wineries and breweries in the U.S. increased from 2017 to 2020. The number of breweries in the U.S. in 2020 was 4,493, which grew from 3,305 in 2017.

Market Dynamics:

Driver:

Rising demand for processed foods

Processed food manufacturers utilize food-grade alcohol as a key ingredient in various products, such as sauces, condiments, flavorings, and extracts. Its use as a solvent, preservative, or flavor enhancer contributes to the quality, taste, and shelf life of processed foods. With the increasing consumption of processed and convenience foods worldwide, there is a growing need for food-grade alcohol, leading to expanded market opportunities and driving growth in the industry.

Restraint:

Fluctuations in the prices of raw materials

Raw materials such as grains, fruits, or sugarcane can be subject to price volatility due to factors like weather conditions, agricultural practices, and market demand. These fluctuations directly impact production costs, squeezing profit margins for manufacturers and affecting pricing stability for consumers. Additionally, uncertainty in raw material prices can disrupt supply chains and hinder long-term planning and investment in the food-grade alcohol industry, posing challenges to sustainable growth.

Opportunity:

Expansion of the food and beverage industry

As the demand for alcoholic beverages, flavorings, and food additives continues to grow, so does the need for high-quality food-grade alcohol. With applications ranging from flavor extraction and food preservation to ingredient manufacturing, food-grade alcohol is a vital component in various products. Capitalizing on the expansion of the food and beverage industry allows suppliers of food-grade alcohol to tap into a lucrative market, driving growth and profitability in the sector.

Threat:

Stricter regulations on alcohol content

Stricter regulations on alcohol content pose a threat to the food-grade alcohol market by potentially limiting the permissible levels of alcohol in food and beverage products. Such regulations could impact the formulation and production processes of various products, leading to increased compliance costs and operational challenges for manufacturers. Additionally, restrictions on alcohol content may reduce product diversity and innovation, limiting market growth opportunities.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the food-grade alcohol market. While demand surged initially due to increased use of hand sanitizers and disinfectants, lockdown measures and disruptions in supply chains led to production challenges. Additionally, reduced demand from sectors like hospitality and events further affected market dynamics. However, the market is expected to gradually recover as economies reopen and demand stabilizes with the easing of pandemic restrictions.

The ethanol segment is expected to be the largest during the forecast period

In the food-grade alcohol market, the ethanol segment is anticipated to dominate during the forecast period due to its widespread applications across various industries. Ethanol is extensively used in the production of alcoholic beverages, flavor extracts, and food additives. Additionally, ethanol's versatility, affordability, and availability make it a preferred choice for manufacturers in the food and beverage sector. Moreover, the rising demand for ethanol-based sanitizers and disinfectants amid the COVID-19 pandemic has further bolstered its market growth.

The sugarcane segment is expected to have the highest CAGR during the forecast period

The sugarcane segment is poised to exhibit the highest growth rate during the forecast period in the food-grade alcohol market. This growth is attributed to several factors, including the widespread availability of sugarcane as a raw material for alcohol production, favorable climatic conditions for sugarcane cultivation in various regions, and increasing demand for bio-based and sustainable ingredients. Additionally, technological advancements in sugarcane processing methods further contribute to the segment's growth potential in the market.

Region with largest share:

The North American region is positioned to dominate the food-grade alcohol market by capturing the largest market share. This is primarily due to several factors, such as the presence of a well-established food and beverage industry, increasing consumer demand for premium and high-quality products, and stringent regulations ensuring food safety standards. Additionally, growing awareness regarding health-conscious consumption patterns and the rising popularity of natural and organic ingredients further contribute to the region's significant market share in the food-grade alcohol industry.

Region with highest CAGR:

Asia Pacific is positioned for rapid growth in the food-grade alcohol market owing to the region's growing population, rising disposable incomes, and increasing urbanization, leading to changing consumer preferences towards premium and high-quality food products. Furthermore, the expansion of the food and beverage industry, coupled with the growing demand for alcoholic beverages and industrial applications, especially in emerging economies like China and India, is driving substantial growth opportunities for food-grade alcohol in the Asia Pacific region.

Key players in the market

Some of the key players in Food Grade Alcohol Market include Archer Daniels Midland Company, Cargill, Incorporated, Cristalco, Croda International Plc, DuPont de Nemours, Inc., Fonterra Co-operative Group Limited, Grain Processing Corporation, Greenfield Global Inc., Jiangsu Lianhai Biological Technology Co., Ltd., Manildra Group, MGP Ingredients, Inc., Purac Biochem BV (Corbion NV), Roquette Freres, Sigma-Aldrich Corporation, The Andersons, Inc. and Wilmar International Limited.

Key Developments:

In February 2024, Roquette is pushing the frontiers of the plant protein market by launching four multi-functional pea proteins designed to improve taste, texture and creativity in plant-based food and high-protein nutritional products. By further expanding its established NUTRALYS(R) plant protein portfolio, the leading ingredients company is bringing a host of new and improved application opportunities to the table for food manufacturers.

In September 2023, Greenfield Global Inc., the leading producer, manufacturer and distributor of high purity and specialty alcohols, solvents, and custom solutions, has partnered with REMET Alcohols, Inc. to address the growing demand in California and the Western US for bulk and packaged high-purity alcohol and denatured alcohol. With today's announcement, Greenfield extends its bulk manufacturing and distribution capability and footprint westward, enhancing supply for the industrial, food, fragrance, pharmaceutical, personal care, and beverage industries in California, Nevada, Utah, Oregon, Washington and Arizona.

In July 2022, Grain Processing Corporation (GPC), a part of the Kent Corp. family of companies, has completed its acquisition of Grinnell, Iowa, US-based Natural Products, Inc. (NPI). NPI makes full-fat soy ingredients made from non-GMO or certified organic soybeans. The company also processes other beans and grains, including chickpeas and oats.

Types Covered:

• Ethanol
• Polyols

Natures Covered:

• Organic
• Conventional
• Synthetic

Sources Covered:

• Sugarcane
• Sugar Beet and Molasses
• Grains
• Fruits
• Other Sources

Functions Covered:

• Antioxidants
• Coatings
• Disinfectants
• Flavoring Agent
• Humectants
• Preservatives
• Solvents
• Other Functions

Distribution Channels Covered:

• Direct Sales
• Distributors and Wholesalers
• Retailers
• Online Sales
• Food Service Providers

Applications Covered:

• Food and Beverages
• Healthcare and Pharmaceuticals
• Personal Care and Cosmetics
• Nutraceuticals
• Biofuels
• Industrial Applications
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Food Grade Alcohol Market, By Type

• 5.1 Introduction
• 5.2 Ethanol
• 5.3 Polyols
  • 5.3.1 Glycerin
  • 5.3.2 Propylene Glycol

6 Global Food Grade Alcohol Market, By Nature

• 6.1 Introduction
• 6.2 Organic
• 6.3 Conventional
• 6.4 Synthetic

7 Global Food Grade Alcohol Market, By Source

• 7.1 Introduction
• 7.2 Sugarcane
• 7.3 Sugar Beet and Molasses
• 7.4 Grains
• 7.5 Fruits
• 7.6 Other Sources

8 Global Food Grade Alcohol Market, By Function

• 8.1 Introduction
• 8.2 Antioxidants
• 8.3 Coatings
• 8.4 Disinfectants
• 8.5 Flavoring Agent
• 8.6 Humectants
• 8.7 Preservatives
• 8.8 Solvents
• 8.9 Other Functions

9 Global Food Grade Alcohol Market, By Distribution Channel

• 9.1 Introduction
• 9.2 Direct Sales
• 9.3 Distributors and Wholesalers
• 9.4 Retailers
• 9.5 Online Sales
• 9.6 Food Service Providers

10 Global Food Grade Alcohol Market, By Application

• 10.1 Introduction
• 10.2 Food and Beverages
• 10.3 Healthcare and Pharmaceuticals
• 10.4 Personal Care and Cosmetics
• 10.5 Nutraceuticals
• 10.6 Biofuels
• 10.7 Industrial Applications
• 10.8 Other Applications

11 Global Food Grade Alcohol Market, By Geography

• 11.1 Introduction
• 11.2 North America
  • 11.2.1 US
  • 11.2.2 Canada
  • 11.2.3 Mexico
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 Italy
  • 11.3.4 France
  • 11.3.5 Spain
  • 11.3.6 Rest of Europe
• 11.4 Asia Pacific
  • 11.4.1 Japan
  • 11.4.2 China
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 New Zealand
  • 11.4.6 South Korea
  • 11.4.7 Rest of Asia Pacific
• 11.5 South America
  • 11.5.1 Argentina
  • 11.5.2 Brazil
  • 11.5.3 Chile
  • 11.5.4 Rest of South America
• 11.6 Middle East & Africa
  • 11.6.1 Saudi Arabia
  • 11.6.2 UAE
  • 11.6.3 Qatar
  • 11.6.4 South Africa
  • 11.6.5 Rest of Middle East & Africa

12 Key Developments

• 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 12.2 Acquisitions & Mergers
• 12.3 New Product Launch
• 12.4 Expansions
• 12.5 Other Key Strategies

13 Company Profiling

• 12.1 Archer Daniels Midland Company
• 12.2 Cargill, Incorporated
• 12.3 Cristalco
• 12.4 Croda International Plc
• 12.5 DuPont de Nemours, Inc.
• 12.6 Fonterra Co-operative Group Limited
• 12.7 Grain Processing Corporation
• 12.8 Greenfield Global Inc.
• 12.9 Jiangsu Lianhai Biological Technology Co., Ltd.
• 12.10 Manildra Group
• 12.11 MGP Ingredients, Inc.
• 12.12 Purac Biochem BV (Corbion NV)
• 12.13 Roquette Freres
• 12.14 Sigma-Aldrich Corporation
• 12.15 The Andersons, Inc.
• 12.16 Wilmar International Limited